PG MMT on Clubhouse

Bio

Community economist and statistician. MMT, Data Science.
Grow, don't mow.

I follow and join from the conviction that access to this profile will help, mitigate harm, or turn harm into help.

Monetary Sovereignty:
1. Impose liabilities in unit of account.
2. Spend it into existence.
3. Offer gvt. savings accounts denominated only in it.
4. Let the exchange rate float.

Not every nation can do this, and that has nothing to do with gold, petro, or crypto, but many could in principle.

Selected MMT insights:

1. MMT helps see through artificial scarcity that pits working and colonized people against each other and against the land that sustains us.
2. Job Guarantee => unemployment is a policy choice.
3. JG is new money creation, decentralized, not local reallocation by market logic or net zero banking. With organization it can supercharge community led community development, a nonreformist reform.
4. All consumption comes from what is stored and produced at the time consumption is to happen.
5. Money is a non-scarce unit of account that helps organize what's available.
6. Dollars are spent or lent into existence by the US or its regulated agents.
7. Countries that have, or can build, the power to step away from the bargaining table can most fully use this potential.(There's more, but let's get the technical part out of the way)

[How to pay:](https://youtu.be/XAMzYvvVJ7g)

[On banking (ignore the deposit multiplier slide)](https://youtu.be/XvMISzAIc-Q)

Is your country in position to fully employ its people and make the most of its potential in the global economy?
[Dakar Declaration 2023](https://mes-africa.org/publications/)

Ndongo Samba Sylla on CFA Franc:
* [Africa's Last Colonial Currency ](https://www.jacobinmag.com/2020/01/franc-zone-french-neocolonialism-africa)
MMT Insights on Inflation and Central Bank Policies:
* [What bond investors should know? ](https://youtu.be/ggcsd08LXFA)
* [Fiscal Sovereignty and the Global South.](https://twitter.com/indecolab/status/1477694770373820416)

Intro to MMT by Stephanie Kelton:
* [The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy. ](https://stephaniekelton.com)

Key policy implication by Pavlina Tcherneva:
* (https://pavlina-tcherneva.net/the-case-for-a-job-guarantee/)
In ecological context by Steven Hail:
* https://modernmoneylab.org.au/publications/

See more at The Global Institute for Sustainable Prosperity.